Exelon (EXC) Upgraded to Buy at ValuEngine

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ValuEngine upgraded shares of Exelon (NYSE:EXC) from a hold rating to a buy rating in a report released on Friday.

A number of other research analysts have also recently commented on the company. Wells Fargo & Co upped their target price on Exelon from $44.00 to $46.00 and gave the company a market perform rating in a research note on Monday, September 17th. Morgan Stanley upped their target price on Exelon from $43.00 to $46.00 and gave the company a hold rating in a research note on Tuesday, September 11th. Macquarie upped their target price on Exelon from $45.00 to $46.00 and gave the company a buy rating in a research note on Monday, September 24th. JPMorgan Chase & Co. cut Exelon from an overweight rating to a neutral rating and set a $48.00 target price on the stock. in a research note on Tuesday, October 9th. Finally, Citigroup cut Exelon from a buy rating to a neutral rating and set a $45.00 target price on the stock. in a research note on Tuesday, October 9th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Exelon presently has a consensus rating of Buy and a consensus target price of $46.44.

NYSE EXC traded up $0.06 during trading hours on Friday, hitting $46.96. 4,611,791 shares of the company were exchanged, compared to its average volume of 5,073,214. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.33 and a quick ratio of 1.16. Exelon has a 52 week low of $35.57 and a 52 week high of $47.40. The stock has a market capitalization of $45.35 billion, a P/E ratio of 18.06, a PEG ratio of 3.29 and a beta of 0.30.

Exelon (NYSE:EXC) last issued its quarterly earnings data on Thursday, November 1st. The energy giant reported $0.88 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.88. The company had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $8.74 billion. Exelon had a return on equity of 9.35% and a net margin of 10.67%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. As a group, equities research analysts anticipate that Exelon will post 3.12 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Thursday, November 15th will be issued a $0.345 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.94%. Exelon’s payout ratio is 53.08%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rehmann Capital Advisory Group boosted its holdings in shares of Exelon by 8.4% in the third quarter. Rehmann Capital Advisory Group now owns 18,250 shares of the energy giant’s stock valued at $797,000 after purchasing an additional 1,415 shares during the period. Marshall Wace North America L.P. purchased a new stake in shares of Exelon in the third quarter valued at approximately $1,161,000. Clearbridge Investments LLC boosted its holdings in shares of Exelon by 44.8% in the third quarter. Clearbridge Investments LLC now owns 4,487,975 shares of the energy giant’s stock valued at $195,945,000 after purchasing an additional 1,389,603 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Exelon by 1.7% in the third quarter. Vanguard Group Inc. now owns 77,314,222 shares of the energy giant’s stock valued at $3,375,540,000 after purchasing an additional 1,309,965 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of Exelon by 30.6% in the third quarter. Morgan Stanley now owns 3,925,149 shares of the energy giant’s stock valued at $171,371,000 after purchasing an additional 919,460 shares during the period. Hedge funds and other institutional investors own 78.77% of the company’s stock.

About Exelon

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Exelon (NYSE:EXC)

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